Recent Security Class Actions

Doximity Inc. Class A Common Stock (NYSE: DOCS)

Company Name:Doximity Inc. Class A Common Stock
Stock Symbol:NYSE: DOCS
Class Period Start:02/09/2022
Class Period End (inclusive):04/01/2024
Filing Deadline:06/17/2024

The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the Company’s business and operations. Specifically, the Complaint alleges Defendants repeatedly touted the Company’s business prospects and the sustainability of the Company’s revenue growth and profitability, while downplaying the impact of competition and tightening macroeconomic conditions on the Company and Doximity’s reliance on “upselling” products and services (such as additional advertising) to existing customers to sustain the Company’s performance and future growth.